Background

Mr. Victor J. Menezes is the Senior Operating Advisor at New Silk Route. He was previously the Senior Vice Chairman of Citigroup Inc., and after a 32-year global career in the company retired in January 2005. Mr. Menezes previously served as the Chairman and Chief Executive Officer of Citibank, and was the Head of Citigroup's Emerging Markets business with responsibility for the corporate and consumer businesses and global product responsibility for e-Business and Global ... Securities Services. In 1995, he was named the Chief Financial Officer of Citicorp and Citibank. In 1998, when Citigroup Inc. was formed by the merger of Citicorp and Travelers Group Inc., Mr. Menezes became the President of Citibank and Co- Chief Executive Officer of the Global Corporate & Investment Bank. He joined the Corporate Banking division of CitiCorp in 1972. Previously, he headed Citibank's businesses in India, Hong Kong/China, and Europe. He serves on the Boards of the MIT Corporation, Educational Testing Service (ETS), Catholic Charities and Eisenhower Fellowships, and he serves on the Advisory Boards of IIT Bombay and INSEAD and is Chair Emeritus of the American India Foundation and a Trustee Emeritus of the Asia Society. He is the Chairman of the Clearing House Association. He was recently named Chairman of the Board of Governors of the National Center for Asia Pacific Economic Cooperation (APEC). Mr. Menezes received a degree in Electrical Engineering from the Indian Institute of Technology, Bombay in 1970 and an M.S. degree in Finance and Economics from the Sloan School of the Massachusetts Institute of Technology in 1972.

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